Rubellite Energy Inc. (TSE:RBY) Senior Officer Ryan Goosen Sells 19,057 Shares

Rubellite Energy Inc. (TSE:RBY) Senior Officer Ryan Goosen sold 19,057 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of C$2.32, for a total transaction of C$44,231.30.

Rubellite Energy Stock Down 1.4 %

Shares of TSE:RBY opened at C$2.16 on Tuesday. The company’s fifty day moving average is C$2.10 and its 200-day moving average is C$2.06. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.21 and a current ratio of 0.54. Rubellite Energy Inc. has a 52 week low of C$1.58 and a 52 week high of C$2.87. The company has a market capitalization of C$133.57 million, a PE ratio of 3.48 and a beta of 2.04.

Rubellite Energy (TSE:RBY) last released its quarterly earnings results on Thursday, August 10th. The company reported C$0.05 EPS for the quarter, hitting analysts’ consensus estimates of C$0.05. Rubellite Energy had a return on equity of 19.30% and a net margin of 59.13%. The business had revenue of C$18.86 million for the quarter, compared to analyst estimates of C$17.00 million. Equities research analysts predict that Rubellite Energy Inc. will post 0.5104895 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RBY. Raymond James boosted their price target on Rubellite Energy from C$3.00 to C$3.50 in a research report on Friday, September 8th. BMO Capital Markets decreased their price target on shares of Rubellite Energy from C$3.25 to C$2.75 in a report on Thursday, July 13th. Finally, Stifel Nicolaus increased their target price on Rubellite Energy from C$2.75 to C$3.50 in a research note on Monday, August 14th.

About Rubellite Energy

Rubellite Energy Inc engages in the exploration, development, production, and sale of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company was incorporated in 2021 and is headquartered in Calgary, Canada. Rubellite Energy Inc is a subsidiary of Perpetual Energy Inc